Anz Group Holdings Stock Market Value
| ANZGY Stock | 18.10 0.31 1.74% |
| Symbol | ANZ |
ANZ Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ANZ Group's otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ANZ Group.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ANZ Group on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ANZ Group Holdings or generate 0.0% return on investment in ANZ Group over 90 days. ANZ Group is related to or competes with Park Electrochemical, Kingboard Chemical, Edgewell Personal, Sensient Technologies, CVR Partners, Ecovyst, and RBC Bearings. More
ANZ Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ANZ Group's otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ANZ Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 1.94 |
ANZ Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANZ Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANZ Group's standard deviation. In reality, there are many statistical measures that can use ANZ Group historical prices to predict the future ANZ Group's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.0487 | |||
| Treynor Ratio | (0.27) |
ANZ Group Holdings Backtested Returns
ANZ Group Holdings secures Sharpe Ratio (or Efficiency) of -0.0243, which signifies that the company had a -0.0243 % return per unit of volatility over the last 3 months. ANZ Group Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ANZ Group's risk adjusted performance of (0.10), and Mean Deviation of 1.09 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ANZ Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding ANZ Group is expected to be smaller as well. At this point, ANZ Group Holdings has a negative expected return of -0.0334%. Please make sure to confirm ANZ Group's value at risk and rate of daily change , to decide if ANZ Group Holdings performance from the past will be repeated at future time.
Auto-correlation | -0.66 |
Very good reverse predictability
ANZ Group Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between ANZ Group time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ANZ Group Holdings price movement. The serial correlation of -0.66 indicates that around 66.0% of current ANZ Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
ANZ Group Holdings lagged returns against current returns
Autocorrelation, which is ANZ Group otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ANZ Group's otc stock expected returns. We can calculate the autocorrelation of ANZ Group returns to help us make a trade decision. For example, suppose you find that ANZ Group has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ANZ Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ANZ Group otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANZ Group otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANZ Group otc stock over time.
Current vs Lagged Prices |
| Timeline |
ANZ Group Lagged Returns
When evaluating ANZ Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANZ Group otc stock have on its future price. ANZ Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ANZ Group autocorrelation shows the relationship between ANZ Group otc stock current value and its past values and can show if there is a momentum factor associated with investing in ANZ Group Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for ANZ OTC Stock Analysis
When running ANZ Group's price analysis, check to measure ANZ Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ANZ Group is operating at the current time. Most of ANZ Group's value examination focuses on studying past and present price action to predict the probability of ANZ Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANZ Group's price. Additionally, you may evaluate how the addition of ANZ Group to your portfolios can decrease your overall portfolio volatility.